For the fifth consecutive year, the University of Maryland earned a Top 10 ranking in the Princeton Review’s annual survey of the Top Schools for Entrepreneurship. In the 2020 rankings released today and featured in the December issue of Entrepreneur magazine, UMD came in at No. 7 for undergraduate entrepreneurship education overall and No. 3 among all public universities. This marks the eighth consecutive year that UMD has been named a Top 25 program for entrepreneurship studies.
The recent string of Top 10 rankings coincides with UMD’s campuswide initiative aiming to engage all 40,000 students in innovation and entrepreneurship (I&E). This collaboration is spearheaded by the Academy for Innovation & Entrepreneurship and engages all 12 schools and colleges as well as key partners like undergraduate studies, student organizations, economic development and social innovation.
In 2018–19, 7,422 undergraduate students were enrolled in at least one entrepreneurship course at UMD. Nearly half of that group took a schedule-friendly, online entrepreneurship course that taught them about starting new ventures while also satisfying a general education requirement. Beyond traditional entrepreneurship, UMD also offers over 100 courses in areas related to innovation like creativity, entrepreneurial mindset, social value creation and design thinking. Altogether, 16,760 undergraduate and graduate students took at least one of these innovation and entrepreneurship courses last year.
The Princeton Review tallied its rankings for top entrepreneurship programs based on a survey conducted from June through August 2019 of more than 300 schools about their entrepreneurship offerings. While most entrepreneurship rankings include only UMD’s extensive business or engineering entrepreneurship programs, the Princeton Review additionally reflects UMD’s unique efforts to include its entire student population.
The survey methodology looked at each school’s commitment to entrepreneurship education inside and outside the classroom. Among the many criteria were the percentage of faculty, students and alumni actively and successfully involved in entrepreneurial endeavors, the number and reach of mentorship programs, and funding for scholarships and grants for entrepreneurial studies and projects.